Assessee legally obliged to prove receipt of share capital/premium to the satisfaction of AO, failure of which justify addition –…
Commission paid to employees partakes character of salary and TDS is applicable only u/s 192 not under Section 194H –…
The assessee alone can decide whether to keep cash in locker or deposit in bank FDR. ITAT deleted addition made…
Depreciation on fixed assets classified as capital work in progress allowed in the revised return when corresponding income was taxed…
Deduction u/s 80HH available out of gross profits before insertion of Section 80AB with effect from 1st April, 1981 –Supreme…
CBDT extends term of Task Force constituted for reviewing existing Income-tax Act and drafting a new direct tax legislation by…
India and Brunei sign Agreement for the Exchange of Information and Assistance in Collection with respect to Taxes (TIEA) The…
Income Tax Department hits at terror financing activities in J&K Region; Conducts sensitive search action at various places. As per…
CBDT promotes 70 officers in the grade of Assistant Commissioner of Income Tax on ad-hoc basis for the vacancy year…
Income tax law on substantial question of law - Supreme Court explains options available before the High Court when no…